Pli : completed 11 years . GPF : I can reset the monthly subscription . After 3 years I can get non refundable advance from GPF . 3) LIC : it also completed 3 years . If necessary I can stop paying premium .

Let us say your financial goal need asset allocation of debt:equity in ratio of 40:60. After a year of review, due fall in equity market the ratio of equity may drop to 50:50. Then you have to allocate more towards equity. How you can easily withdraw from YOUR debt and allocate to equity?

1) one personal loan will end on nxt month . 2) got interim relief of about Rs 2200 . 3) from march 17 I can reduce the monthly subscription of GPF. So from august,16 extra 6000/- will be in my hand. And from march ,17 another extra amount will be in my hand if I will reduce the GPF subscription amount , though it depends on your guidance . Basically I can invest on equity of Rs. 6000/- extra from next month .

It is up to you of how you manage debt. Regarding equity, I suggest one large cap like HDFC Top 200 or Birla Sunlife Frontline Equity (from your choice itself) and one mid cap fund like HDFC Midcap Opp Fund. Two funds are enough. If you further want to invest for tax saving, you can opt for Axis fund. But make sure that each rupee you invest must have a financial goal. Based on that asset allocation between debt:equity a MUST.